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20121112
20121120
Search Results 0 to 17 of about 18 (some duplicates have been removed)
, and that could hurt any hiring plans. that's the warning today from top employment expert john challenger. he's in good company. the congressional budget office h warned ifhe u.s. economy goes over the fiscal cliff, unemployment next year will jump to over 9%. >> susie: hiring is also a big concern for the federal reserve. those worries could lead the central bank to extend its bond buying program to keep stimulating the economy. ruben ramirez reports from washington. >> reporter: the latest talk inside the fed is that its asset purchase plan appears to be working. fed policymakers say the strategy is helping financial markets, auto buying, and housing. that's why economist think the fed's buying spree continues into next year: >> a number of participants continue to expect that they are going to replace operation twist with straight asset purchases once operation twist expires in december. >> reporter: the fed has been buying back about $85 billion a month of long term bonds and mortgage backed securities. in minutes of its last meeting release today, fed officials, "generally agreed that a
business leaders. for banking bosses, specifics of financial regulation also remain unknown. john kanas is the chairman and c.e.o. of bank united, a florida-based bank with $13 billion in assets. john welcome back to nbr good to see you again. >> good to see you. >> do new regulations mean theb. >> the new regula regulations a. the common thinking is that at it will be a catalyst toward driving consolidation in the industry. but frankly there has been a great deal of talk about consolidation and little consolidation. >> why is that?why that differe? >> the stock prices has a lot t. >> a lot of the smallerinstituts have grown to levels. and they have a new normal evaluation of banks. and that is changing slowly. and also, while regula regulatoe responsible for the extra costs they are not inviting consolidation either. >> right. >> because consolidation createe more complex and more difficult to regula regular regulate. >> is that impacting yourlendin? >> iit isn't for us.we were fors capital and be located in a market that is growing in south east miami. but as ainduryomment it certainl
. house speaker john boehner called the meeting very constructive. >> i outlined a framework that deals with reforming our tax code and reforming our spending. and i believe the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced approach. >> reporter: to republican leaders balance means some higher tax revenues are paired with reductions in spending and changes in entitlement programs. that's a challenge for democrats, but the president seemed willing to move in that direction. >> our challenge is to make sure that we are able to cooperate together, work together, find some common ground, make some tough compromises, build some consensus to do the peoples business. and what folks are looking for-- and i think all of us agree on this-- is action. >> reporter: speaker pelosi suggested the leaders agree on milestones that will bolster the economy. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. we should show some milestones of success so that confidence can build as
Search Results 0 to 17 of about 18 (some duplicates have been removed)